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Q: What is the difference between commission agent and broker?
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What is the Difference between brokerage and commission?

difference between broker and commission agent


What are the differences between a broker and an agent?

A broker is a certain kind of agent, which is the broader term. While an agent has the power and authority to act on one's behalf, a broker is one's agent to act - financially ( buy/sell securities or real estate) for a commission.


Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?

that completely depends on the agreement between the broker and the agent.


How much is a real estate brokers and agents commission and how is it split?

RE commission is between 4% and 6% usually. The amount ( say 6%) is what is "split" between the listing broker and the agent who brings the deal to the broker.


What percentage of a real estate agent's commission typically goes to the broker?

the commission belongs to the broker not the agent; question should read "WHAT PERCENTAGE OF THE BROKERS COMMISSION GOES TO THE AGENT" It varies from brokerage to brokerage, depends upon the broker -agent contract, could be 50% or less or could be a flat fee.


What is the percentage of a realtor commission today?

Although the typical commission rate is 7% for Residential and 10% Commercial there is no set commission rate, it all depends of the amount of work you want the agent to do (advertising, paperwork, ect.) and how much incentive you want to give the buyers agent which makes your house desirable for agents to show, also the agent does not get all of the commission, it is divided between the agent his broker the buyers agent and his broker plus advertising.


What is the difference between a broker and agent in marketing and advertising?

one eats eggs for breakfast


What is power broking?

You mean "power brokering." A broker is an agent who negotiates contracts and sales in return for a commission; a go-between. A power-broker is a person who negotiates political arrangements.


What is the difference between a realestate agent and a realestate broker?

A realtor is authorized to assist with peopling trade land, and is paid a commission when an arrangement is finished. The specialist might address either the purchaser or the dealer. A land representative does likewise work as a specialist however is authorized to work freely and may utilize specialists.


What is commission rate for home-owner's insurance?

The commission rate is the commission earned by the agent or broker who places the policy wit the company.


What is the difference between franchise and agency?

Agency : principle is liable for the act of agent and agent get fees or commission from the principle. Franchise : Principle is not liable for the act of agent and PRINCIPAL get fees of commission form the agent.


Does a real estate agent get the full commission that is itemized on the HUD settlement statement?

No. The HUD lists the total amount of commission paid to the listing broker and selling broker if they are different companies. The agent then has to split his commission with his office, sometimes the split is as high as 50/50.